Sheffield has had a quite poor year for property investment returns compared to the rest of TAS, giving investors a capital gain of 2.04% to date .
While Sheffield,7306 ranked number 128th in TAS for increase in median house value (annualised) increase, it is ranked 178th over the last 5 years.
At number 155th of TAS’s most discounted properties, Sheffield is in the TOP 30% of the state/territory when listing in order of most discounted to least.
A $270 per week rent on the median house gives suburb investors a gross yield of circa 5.62%, without taking into account capital value appreciation, which has been averaging out at 3.01%.
Situated on the foothills of Mount Roland, Sheffield is the rural centre for the mountain region. It is known for the murals decorating the suburb that illustrate the history of the area, and is regarded as the Apple Isle’s outdoor galleryFull summary
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Median house price: $248,000
Three-year growth: -11.0%
Rental yield: 5.2%
Situated on the foothills of Mount Roland, Sheffield is the rural centre for the mountain region. It is known for the murals decorating the suburb that illustrate the history of the area, and is regarded as the Apple Isle’s outdoor gallery.
This is a massive change from Sheffield’s background as an industrial hub. An annual mural-painting festival is now held in Mural Park, while indoor treasures are found in Mural House. Residents can enjoy rowing at Lake Barrington and picnicking at Devils Gate Dam.
Sheffield is a volatile market, with prices rising and falling over recent years. Prices declined by 11% in 2015, but rose by 7.8% in the year to August 2018 before slipping again in the three months to August. The market, however, is very low priced, with the median house value being lower than $250,000.Close